Gestamp Wind starts the commercial operation of 40 MW in Brazil
(Madrid, May 8, 2012) Gestamp Wind, the wind energy division of Gestamp Renewables (Corporacion Gestamp) has started the commercial operation of the wind farms Cabeço Preto I and Cabeço Preto IV, in Rio Grande Norte, Brazil.
Both wind farms have a capacity of 20 Mw, summing a total of 40 Mw. Each wind farm is composed by 11 turbines. The total investment was of over 67 million Euros and the expected annual revenues are of 10 million Euros.
Dionisio Fernandez, CEO of Gestamp Wind, stated that “Both wind farms are among the first ones to start the commercial operation, of the ones awarded by the government in 2009 and 2010” and he also added “We hope to keep on expanding in the Brazilian market and therefore succeeding in the achievement of the strategic goals defined in our company”.
About Gestamp Wind
Gestamp Wind is the wind energy division of Gestamp Renewables, specialized in the development, construction and operation of wind farms with projects in Europe, Brazil, EEUU, Turkey and South Africa. Gestamp Wind is one of the leading companies in the wind energy business. Gestamp Wind integrates vertically, the development, construction and operation of wind farms. The company has over 500 Mw in operation and an important pipeline of over 1,400 MW in the different markets where the company is currently active.
About Gestamp Renewables-Corporación Gestamp
Corporación Gestamp, the parent company of Gestamp Renewables, is a multinational leader in Europe in the steel, automotive components and renewable energy sectors it is currently present in over 25 countries throughout Europe, the Americas and Asia, with over 120 plants. Composed by a global workforce of over 30,000 employees, Corporación Gestamp had total revenues of over 7 billion in 2011.
Gestamp Renewables (www.gestampren.com), a division of Corporación Gestamp, is an industrial group that operates and supplies components within the renewable energy sector. Since 2005, Gestamp Renewables has aspired to position itself as an international leader within the renewable energy sector, using a unique and integrated business model encompassing the entire value chain from the manufacture and supply of components, to the development, construction, maintenance and operation of wind, solar and biomass energy projects.